Lightshed Partners analyst Richard Greenfield on Tuesday downgraded Walt Disney's stock as he argued there's too little future earnings visibility to measure the COVID-19 impact on the studio's theme parks, theatrical releases and other out-of-home businesses. "Disney is built on shared group experiences.
Until there is global comfort health-wise with that behavior again, Disney’s earnings are fundamentally impaired," Greenfield wrote in a May 5 report.
He added Disney's share price is overvalued as he downgraded the studio's stock to "sell," with an $85 target. Disney is set to release its latest financial results after the market close today.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.